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If a nurse deposits $12,000 today in a real estate investment trust (REIT) and the interest is compounded annually at 7 percent, what will be

  1. If a nurse deposits $12,000 today in a real estate investment trust (REIT) and the interest is compounded annually at 7 percent, what will be the value if this investment:
  2. Five years from now?
  3. Ten years from now?
  4. Fifteen years from now?
  5. Twenty years from now?

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